MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD remains downwards oriented, however we expect some correction ahead. Loss of resistance at 1.1573 (R1) could be considered as signal of such. Higher targets locates at 1.1620 (R2) and 1.1667 (R3). Downwards scenario: Surge lower the initial support level at 1.1515 (S1) could enable further bearish potential with next target in focus at 1.1468 (S2). Any further price downgrade would then be limited today to final support at 1.1421 (S3).

Resistance Levels: 1.1573, 1.1620, 1.1667

Support Levels: 1.1515, 1.1468, 1.1421